Prices on the German stock market have turned positive following the interest rate increase by the European Central Bank (ECB). Investors were not surprised that the Eurozone monetary authorities raised the key interest rate by a further 0.25 percentage points. However, the view grew that it could have been the last interest rate move in the eurozone.
Prices on the German stock market have turned positive following the interest rate increase by the European Central Bank (ECB). Investors were not surprised that the Eurozone monetary authorities raised the key interest rate by a further 0.25 percentage points. However, the view grew that it could have been the last interest rate move in the eurozone.
The DAX rose by 0.97 percent to 15,805.29 points. The German leading index did not rise quite as strongly as the overall European environment. Because it was slowed down, among other things, by falling car values. The MDax of medium-sized company stocks ultimately climbed by exactly one percent to 27,326.00 points.
According to capital market strategist Ann-Katrin Petersen from asset manager Blackrock, the ECB signaled in its accompanying statements that the tenth interest rate hike was probably the last in an exceptionally sharp tightening cycle.
Source: Stern
